Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Erdogan]

A 1:1 pegged sidecoin. Let say it is pegged in such a way that all bitcoins can be moved to scBTC (or none). There will always be a difference in value, due to the different qualities of the two coins. We have discussed the possibility of higher value, in which case all bitcoins will be converted, effectively it becomes an altcoin that takes over.

If the value is smaller, due to the peg, the number of coins converted will be small. Because receivers of sxBTC, when they have accumulated more than is needed, will move them back. The smallness of this volume may limit the number of scBTC to the degree that it is a complete failure. So in case of lower value, it is just like a random scamcoin, and thus no threat to bitcoin, nor especially advantageous for the users.

The reason that a sidecoin might be less valueable, is that it has to have better qualities in the areas where bitcoin could have been better: transaction cost, anonymity, and confirmation speed, but it also have to be just as good as bitcoin, or better, in all other areas.

And no, expandable coin number, keynesian style, is not better than bitcoin's eventually fixed supply.

I am not concerned.

EDIT: This should have been posted in the gold collapsing thread...

[1714619893]

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[MrPiggles]

Guy got 259 upvotes for my updated bubble graph and didn't even credit MrPiggles

You forgot to watermark it.

he even got changetipped like a dollar.

I got scammed

[empowering]

Guy got 259 upvotes for my updated bubble graph and didn't even credit MrPiggles

You forgot to watermark it.

he even got changetipped like a dollar.

I got scammed

cut them

(harsh)

 

[spooderman]

The bear trolling is fair enough to be honest. Gox was a fuck up, China was almost a pump and dump, middle-men and miners are dumping constantly maintaining a vicious, self-perpetuating cycle of bearishness in the market.

However bitcoin will recover from all this. It will just take it's own sweet time.

Personally, I believe in it long term as a world changing technology.

Patience people.

spooderman you are in the UK right?

No spodermen es frem Nu yerk.

[ChartBuddy]

Explanation

[Walsoraj]

http://coinorama.net/

http://coinsight.org/bitstamp

Look at Stamp's total bid sum over the past 6 months. 

[empowering]

Stamp is anemic right about now.

[Walsoraj]

Stamp is anemic right about now.

That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today.

[MrPiggles]

Stamp is anemic right about now.

That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today.

what is ripple volume like

[Walsoraj]

Stamp is anemic right about now.

That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today.

what is ripple volume like

Explain yourself.

[MrPiggles]

Stamp is anemic right about now.

That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today.

what is ripple volume like

Explain yourself.

it doesn't need explaining.

you posted the stats for bitcoin, post the same stats for your beloved twinkle

[Walsoraj]

Stamp is anemic right about now.

That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today.

what is ripple volume like

Explain yourself.

it doesn't need explaining.

you posted the stats for bitcoin, post the same stats for your beloved twinkle

Explain how that stat you demand is relevant to what I posted.

[MrPiggles]

Stamp is anemic right about now.

That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today.

what is ripple volume like

Explain yourself.

it doesn't need explaining.

you posted the stats for bitcoin, post the same stats for your beloved twinkle

Explain how that stat you demand is relevant to what I posted.

because i am curious as to how ripple is doing in comparison.

clearly it's doing worse or you'd simply post the stats

[noobtrader]

ok what was that a test pump ?

[Walsoraj]

Stamp is anemic right about now.

That's putting it mildly. Bid depth of almost $25 million late February to $3.5 million today.

what is ripple volume like

Explain yourself.

it doesn't need explaining.

you posted the stats for bitcoin, post the same stats for your beloved twinkle

Explain how that stat you demand is relevant to what I posted.

because i am curious as to how ripple is doing in comparison.

clearly it's doing worse or you'd simply post the stats

I'm just perplexed at why you are associating volume with bid depth. Why not point to Ripple's bid depth?

*edit*

http://www.ripplecharts.com/#/value

Unfortunately, Ripplecharts is bugged and doesn't always show depth accurately.

You can check the amount of USD bid depth at a particular address or gateway here: https://ripple.com/graph/

Below are the exchange gateways with the most USD:

Stamp: rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B

SnapSwap: rMwjYedjc7qqtKYVLiAccJSmCwih4LnE2q

ALSO:

All of the fiat sitting on Stamp, off- or on-book, can be instantly withdrawn to its Gateway and therefore is potential Ripple bid depth.  

SnapSwap has stated they can increase liquidity when needed. Unknown how much is sitting off-Gateway. Probably a lot.

[empowering]

Eitherway, that orderbook (for what it is worth) on stamp is looking thin right this second.....

Que........

[MrPiggles]

you posted the stats for bitcoin, post the same stats for your beloved twinkle

I'm just perplexed at why you are associating volume with bid depth. Why not point to Ripple's bid depth?

You knew what I meant

you avoided the question for a reason

[noobtrader]

you posted the stats for bitcoin, post the same stats for your beloved twinkle

I'm just perplexed at why you are associating volume with bid depth. Why not point to Ripple's bid depth?

You knew what I meant

you avoided the question for a reason

wow ripple was so awsome, btw how does it feel when you give service to the banking system for free  

[Walsoraj]

you posted the stats for bitcoin, post the same stats for your beloved twinkle

I'm just perplexed at why you are associating volume with bid depth. Why not point to Ripple's bid depth?

*edit*

http://www.ripplecharts.com/#/value

Unfortunately, Ripplecharts is bugged and doesn't always show depth accurately.

You can check the amount of USD bid depth at a particular address or gateway here: https://ripple.com/graph/

Below are the exchange gateways with the most USD:

Stamp: rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B

SnapSwap: rMwjYedjc7qqtKYVLiAccJSmCwih4LnE2q

ALSO:

All of the fiat sitting on Stamp, off- or on-book, can be instantly withdrawn to its Gateway and therefore is potential Ripple bid depth.  

SnapSwap has stated they can increase liquidity when needed. Unknown how much is sitting off-Gateway. Probably a lot.

You knew what I meant

you avoided the question for a reason

wow ripple was so awsome [sic], btw how does it feel when you give service to the banking system for free  

Will feel great when investment bankers start pumping.

[ChartBuddy]

Explanation